Although Vanguard seems to lack stewardship when it comes to voting. They tend to vote yes on about anything which I think sends the wrong message to corporations (do whatever you want) as well as Vanguard investors.

That is my main issue with them.

RM

I figure the odds be fifty-fifty I just might have something to say. FZ

Vanguard Blog wrote:About one in four comments focused on the compensation of Vanguard executives.

“How much does CEO McNabb make . . . How about the compensation packages for the Directors . . . How about the top 100 compensated employees.”

Although I know this response won’t satisfy those concerned about compensation, Vanguard’s view is simple: We don’t disclose the compensation earned by any crew member. We believe that compensation matters deserve the same privacy protections that we provide to shareholders and their account information.

As their employers, who pay the money, I don't see why we shouldn't know. I have a hard time believing that the privacy of the President of the United States, a Member of Congress, or the CEO of Microsoft is violated because taxpayers and shareholders know their salaries.

Yes, a very interesting article and certainly worth reading by all Bogleheads. Provides a good perspective on what Vanguard is doing to ensure managing the $2 Trillion they currently have doesn't prevent it from continuing to innovate.. My introduction to Vanguard was in 1989 when my company changed its 401k administrators- and Vanguard arrived. Definitely one of the best decisions that company made for its employees. Shawcroft

This is why I wish mutual fund companies were required to pass along voting power, like brokers do. So, for example, if I own 5 shares of fund AAAAX and it owns .1 share of ABC per share, I'd get half a vote on ABC. (Obviously, fractional votes would be combined by the fund and the total rounded off.)